A member of the activist collective Anonymous is claiming to be have emails and documents which prove "fraud" was committed by Bank of America employees, and the group says it'll release them on Monday. The member, who goes by the Twitter handle OperationLeakS, has already posted an internal email from the formerly Bank of America-owned Balboa Insurance Company.

The email is between Balboa Insurance vice president Peggy Johnson and other Balboa employees. (Click right to enlarge.) As far as we can tell, it doesn't show anything suspicious, but was posted by OperationLeaks as a teaser. He also posted emails he claims are from the disgruntled employee who sent him the material. In one, the employee says he can "send you a copy of the certified letter sent to me by an AVP of BofA's [HR department] telling me I am banned from stepping foot on BofA property or contacting their employee ever again."

OperationLeaks, which runs the anti-Bank of America site BankofAmericasuck.com, says the employee contacted the group to blow the whistle on Bank of America's shady business practices. "I seen some of the emails… I can tell you Grade A Fraud in its purest form…" read one tweet. "He Just told me he have GMAC emails showing BoA order to mix loan numbers to not match it's Documents.. to foreclose on Americans.. Shame."

An Anonymous insider told us he believes the leak is real. "From what I know and have been told, it's legit," he said. "Should be a round of emails, then some files, possible some more emails to follow that." The documents should be released Monday on Anonleaks.ch, the same site where Anonymous posted thousands of internal emails from hacked security company HBGary last month. That leak exposed a legally-questionable plot to attack Wikileaks and ultimately led to the resignation of HBGary CEO Aaron Barr.

Last week, the loose-knit hacking collective Anonymous stole over 50,000 emails from security…
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There are lots of reasons to be skeptical about this latest supposed leak. For now, it's a guy who hates Bank of America and posted a single internal Balboa email and some seriously outrageous claims to Twitter. (When emailed for comment he posted our email to Twitter with "Fuck you, Gawker.") It's unclear what he's actually got. And the whole incident echoes the time Wikileaks claimed to have its own Bank of America bombshell leak, which turned out to be a dud.

But those we've spoken to in Anonymous are convinced there's something to this. Anonymous has a proven track record with leaks, and Bank of America has been in their crosshairs since they cut off payments to Wikileaks in December. If it's real, it could be big. Keep your eye on anonleaks.ch: It should hit Monday.

Update: The leak will drop at 12:00am on Monday morning. According to Reuters, a Bank of America spokesman has confirmed the existence of a leak, saying it consists of "non-foreclosure related clerical and administrative documents stolen by a former Balboa Insurance employee." The spokesman told Reuters, "We are confident that his extravagant assertions are untrue."